ICE Brent crude continues trading sideways, currently at $86.3

It's been more of the same this session on the back of 13 days of flat trade, Today's session so far looks to be heading in a similar way — Brent crude trades at $86.3 per barrel, after ending Friday at $86.31.

Brent Crude Oil's upper Bollinger Band® is at $88.6, suggesting that a downward move may follow.

Despite the market lacking direction, technical chart analysis strongly suggests Brent crude oil is positioned for a downward move in the near term.

Meanwhile, mixed performances are seen in other Energy as having closed the previous session at $2.11, Natural Gas is up 2.65% today to currently trade at around $2.17. Heating Oil trades close to $2.64, with no major change.

Furthermore, the market is looking at United States Building Permits (Mar) will be released tomorrow at 12:30 UTC.

Having soared to a high of $123.6 approximately 10 months ago, Brent crude is now trading 30.17% lower.